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Mar 31, 2022
Caesars Q1 2022 Earnings Report
Caesars Entertainment reported mixed results for Q1 2022, with revenue growth offset by a net loss, but Las Vegas segment posted a record EBITDA.
Key Takeaways
Caesars Entertainment, Inc. reported a GAAP net revenue increase to $2.3 billion compared to $1.8 billion in the prior year. However, the company experienced a net loss of $680 million, compared to a net loss of $423 million in the same period last year. Same-store Adjusted EBITDA was $296 million versus $521 million for the comparable prior-year period.
GAAP net revenues increased to $2.3 billion from $1.8 billion year-over-year.
GAAP net loss was $680 million, compared to a net loss of $423 million in the prior-year period.
Same-store Adjusted EBITDA was $296 million, down from $521 million in the comparable prior-year period.
Las Vegas segment achieved an all-time first quarter EBITDA record.
Caesars
Caesars
Caesars Revenue by Segment
Caesars Revenue by Geographic Location
Revenue by Segment
Las Vegas Revenue
CapyFin.comRegional Revenue
CapyFin.comCaesars Digital Revenue
CapyFin.comManaged and Branded Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.comRevenue by Geographic Location
Las Vegas Revenue
CapyFin.comRegional Revenue
CapyFin.comCaesars Digital Revenue
CapyFin.comManaged and Branded Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
Consumer trends remain healthy and the company is optimistic for the balance of the year and anticipates significant debt reduction in 2022 through a combination of strong operating cash flows and expected asset sale proceeds.
Revenue & Expenses
Visualization of income flow from segment revenue to net income